Companies & People: Caddis launches $150M MOB fund
Mega investment firm Invesco is one of the investors, industry sources say By John B. Mugford The medical office building (MOB) sector continues to see a wave of new investors entering, or looking to enter, the space. Although healthcare real estate (HRE) firm Caddis is hardly a new name in the sector, it has launched […]
Transactions: Flagship Healthcare Properties buys MOB in Southport, N.C., near St. James Plantation
Charlotte, N.C.-based Flagship Healthcare Properties recently purchased the 25,500 square foot Dosher Wellness Center next to the St. James Plantation residential and recreational area of
Companies & People: H2C advises Georgia health system on senior housing community sale
ALBANY, Ga. – New York-based Hammond Hanlon Camp LLC (H2C) recently advised a health system in Georgia on the sale of its only senior living facility, the 68-unit Phoebe Senior Living at
Inpatient Projects: Hospital near Las Vegas Strip breaks ground for $130 million, 72-bed tower
The hospital that sits closest to the Las Vegas Strip recently broke ground on its 30-acre campus for a $130 million multi-phase expansion. Sunrise Hospital and Medical Center and Sunrise
Transactions: Harrison Street acquires on-campus MOB in Marin County, Calif., for record $706 PSF
Greenbrae, Calif. – Chicago-based Harrison Street Real Estate Capital recently acquired the 45,277 square foot Marin Cancer Institute MOB at 1350 S. Eliseo Drive, on
Transactions: HTA acquires Northpoint Medical Arts building in Dallas for $19.3 million
Scottsdale, Ariz.-based Healthcare Trust of America (NYSE: HTA) recently acquired the 118,876 square foot Northpoint Medical Arts building in Dallas. According to RCA, HTA paid $19.3 million, or
Companies & People: Hammes Partners closes new investment fund with $687 million in commitments
MILWAUKEE – Milwaukee-based healthcare real estate (HRE) private equity firm Hammes Partners recently announced the over
Hot Property: Medical land in hot Houston suburb
Colliers has two MOB sites left to sell in Sugar Land’s Telfair development Name: East Business District Development Tracts Address: U.S. Highway 59 at University City, State: Sugar Land, Texas Number of lots: 2 Acreage: 2.518 and 3.029 acres Seller: NNP-Telfair LLC Price: Not disclosed Brokerage: Colliers International Brokers: Charles Herder, Kolbe Curtice Founded as […]
Post-Acute & Senior Living: Manhattan getting new AL projects
Developers looking to tap into affluent cohort that doesn’t want to leave the city By John B. Mugford Conventional wisdom might say that developing a new senior living healthcare facility in the heart of one of the world’s most expensive real estate markets doesn’t make much sense, as rents would prove to be too high […]
Industry Pulse: Hospital Property Tax Exemptions Threatened
More and more municipalities are challenging traditional non-profit property tax exemptions As recently as the early 1990’s, property tax-exempt status for nonprofit organizations, including hospitals, was nearly sacrosanct. Typically, all they needed to do to qualify was to demonstrate that they were “exempt organizations” under section 501(c)(3) of the Internal Revenue Service (IRS) Code.
Inpatient Projects: BayCare’s Mease Countryside Hospital near Tampa, Fla., plans $156 million project
Mease Countryside Hospital, part of Clear water, Fla.-based BayCare, recently announced plans for a new four-story patient tower and a parking garage on the campus in Safety Harbor, in
Cover Story: The year of the portfolio
A surge in multi-asset transactions led to 2017 MOB sales records in volume, pricing, cap rates and more By John B. Mugford 2017 MOB sales volume set another new record. MOB sales totaled $12.55 billion, according to RCA’s data. That topped the 2016 total of $10.21 billion by 22 percent. It also far surpassed the […]
Transactions: CNL Healthcare Properties II acquires on-campus MOB in Overland Park, Kan
Orlando, Fla.-based CNL Healthcare Properties II, a non-traded healthcare-focused REIT, in December closed on the acquisition of a 38,496 square foot MOB in Overland Park, outside of Kansas City,
Outpatient Projects: Anchor to be part of new campus
HRE firm chosen as co-developer of an 85,000 square foot MOB in Milford, Del. By John B. Mugford A future healthcare campus under construction on the outskirts of Milford, Del., has been designed to provide medical services for residents in the central and southern part of the state for the next 100 years.
Outpatient Projects: The Sanders Trust enters its 25th state by starting a new MOB near Chicago
Birmingham, Ala.-based The Sanders Trust (TST) has started construction on a future $11.2 million, 30,000 square foot medical office building (MOB) in Glenview, a Chicago suburb. The project